About NIESR - Videos
UK should start saving now for next crisis, think tank warns
By Tony Bonsignore | 00:01:00 | 30 April 2010
Journalist, Personal Investors' Edition, Citywire Holdings
Monetary Policy Under Labour
NIESR Press Conference 23rd April 2010
PowerPoint - Monetary Policy Under Labour by Kevin Sheedy
PowerPoint - Labour's Economic Performance by Martin Weale
Press Release - Monetary Policy Under Labour by Tim Besley and Kevin Sheedy
Press Release - Fiscal Policy under Labour by Alan Budd
Press Release - Labour’s Economic Performance by Martin Weale
NIESR - April 2010 GDP release
Press Release - Weak Growth Continues by Martin Weale
Economic Benefits of Lifelong Learning
Richard Dorsett, Silvia Lui and Martin Weale - Economic Benefits of Lifelong Learning, NIESR Dp no. 352
Abstract: This paper examines the effect of lifelong learning on men’s employment and wages. Using data from the British Household Panel Survey, a variant of the mover-stayer model is developed in which hourly wages are either taken from a stationary distribution (movers) or are closely related to the hourly wage one year earlier (stayers). Mover-stayer status is not observed and we therefore model wages using an endogenous switching regression, extended to take account of non-random selection into employment. The model is estimated by maximum likelihood, using generalised residuals to correct for possible endogeneity of lifelong learning decisions. The results show modest effects significant at a 10% level for men who undertake life-long learning without upgrading their educational status and more powerful and significant effects for those who do upgrade their status. For the latter, the influence of lifelong learning on employment prospects is an important influence on the overall return.
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NIESR - January 2010 GDP release
Press Release - Faster Growth in Three Months to January by Martin Weale
NIESR - Press Conference 2nd February 2010
PowerPoint - Prospects for the World Economy by Dawn Holland
PowerPoint - Prospects for the UK Economy by Simon Kirby
PowerPoint - Policy responses to the crisis by Ray Barrell
New US banking proposals outlined by President Obama
Rev. Prof. E Philip Davis, 25th January 2010
New US banking proposals outlined by President Obama on 21st January are a radical attempt to reduce the incidence of “too big to fail”, as well as reducing the risk on banks’ balance sheets; there could well be benefits from such an approach.
On the other hand, the proposals do not address the principal causes of the Sub-Prime crisis - excessive investment in CDOs by banks’ off balance sheet subsidiaries, inadequate capital and liquidity, and a lack of focus on macroprudential risks.
Furthermore, there may be costs such as lesser liquidity of securities markets if proprietary trading and activity of hedge funds are restricted, as well as weaker corporate governance if private equity is restrained.
And if pure investment banks are be allowed to operate outside the regulation if they renounce banking status, and authorities outside the US and UK fail to adopt similar measures, global benefits of the proposal would be limited and major regulatory arbitrage would ensue.
NIESR - December 2009 GDP release
Press Release - Biggest Contraction Since 1921 by Martin Weale
NIESR - November 2009 GDP release
Press Release - Growth in Three Months to November by Martin Weale
NIESR - October 2009 GDP release
Press Release - Economy Remains Weak by Martin Weale
UK Economy Will Grow in Fourth Quarter: NIESR
CNBC, 21 October 2009
NIESR - September 2009 GDP release
Outlook For Equity Markets
Bloomberg 10 December 2008
RIO to cut 14,000 jobs, halve spending to reduce debt; Congress may vote today on $15 Billion U.S. car maker aid plan; U.K. economy may shrink at fastest rate since 1990, NIESR says; Analysis by Chris Tinker of Icap Apollo
NIESR: British Economy Is Now Contracting
Bloomberg, 10 September 2008
NIESR says British Economy is now contracting; TNK-BP will not hold an IPO Before 2010, says Interfax; Next & Kesa Electricals 1H preview; Texas Instruments surges after maintaining earnings forecasts; Analysts were concerned that sales may fall following
U.K. Economy Contracted
Bloomberg 10 September 2008
Analysis by Martin Weale of NIESR
Insight, Outlook For U.K Economic
Bloomberg 25 July 2008
U.K growth will slow down and stay slow, NIESR says; Analysis by Martin Weale of NIESR
Economic Essentials: BOE Rate Decision Preview; Signs Of UK Recession; Surging Inflation, Slowing Economic Growth
Bloomberg 10 July 2008
Analysis by Russel Jones of RBC Capital Markets; Analysis by Alan Clarke of BNP Paribas; Analysis by Martin Weale of NIESR; Analysis by Roger Bootle of Capital Economics